om6-16 Moath Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 200 $5 $1,000 12 Purchase 400 2,400 23 Purchase 300 2,100 30 Inventory 100 Instructions va ((By using FIFO - Periodic system) Calculate the cost of the ending Inventory and the cost of goods sold. Assume a sale of 440 units occurred on June 15 for a selling price of $8 and a sale of 360 units on June 27 for $9